Arizona Real Estate License Practice Exam 2025 - Free Real Estate Practice Questions and Study Guide

An exclusive agency listing is a type of listing agreement where the seller retains the right to sell the property themselves. In this situation, if the seller sells the property without involving the brokerage, they do not have to pay a commission. This type of agreement allows the seller to avoid commission fees while still being able to list the property with a brokerage, which would assist in marketing and exposure.

The other listing types do not provide the same flexibility for the seller. An exclusive right to sell listing means that the broker earns a commission regardless of who sells the property, including if the seller sells it themselves. A net listing is structured so that the seller receives a predetermined amount, and the broker keeps any excess as commission, which does not apply here since the seller is avoiding commission entirely. A gross listing typically refers to a fixed fee structure but lacks the specific implications attached to agency relationships seen in the context of exclusive agency listings.